Value-priced lot (with a free house) in a walk to Metra location

Astute buyers take note: A 75′ x 125′ interior lot (not subject to the oppressive double setback rules) with the option of alley access for the garage (a  significant benefit in this market) priced at $549,900. This is just $59 per square foot. In Hinsdale, this is cheap. Moreover, it’s located directly across the street from Stough Park and one half block from the west Hinsdale Metra station. Further, it’s located in the Monroe Grade School District!

Only a job relocation would force the sale of this home. The current owner bought this property with the idea of living in the 3300+- square foot home for a period of time knowing that he’d demolish it and build on this wide site. Now he’s in England.

This is an excellent opportunity to buy the property, rent out the current home (it’s huge), and build a large home in a walk to train location. Don’t forget, the wait times for parking passes at the main train station is over nine years!

New homes on lots of this size are typically valued between $1,800,000 and $2,100,000. Usually, land value represents one third of the total value. Do the math. This one works.

Here’s what the house looks like:

Contact me for more information. I know the construction process cold.

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